How XRP (XRP) Stands Out From Other Coins and How It Can Be a Public Debt Solution

As a blockchain tech and a digital currency, XRP (XRP) have some unique qualities that distinguish it from other digital currencies in the market, including Bitcoin (BTC) – the largest and most popular digital currency in the world.

The digital currency space is a fast-paced and wild market that’s a home for almost two thousand digital currencies that are all competing for market share and trying to become the most relevant and preferred digital currency in the future of digital currency trade.

What Makes XRP Unique

One of the reasons that make XRP standout from other digital currencies in the market is its development and superior design. Going by calculations and speculations of digital currency experts, XRP might outperform Ethereum (ETH) in terms of market cap, if it’s able to maintain the momentum of its adoption and growth all over the world.

Why XRP Might Be a Big Winner in the Crypto Space

Ripple is the name of the firm that’s responsible for the control and development of XRP tokens. Unlike other cryptocurrencies, the default digital currency of Ripple – XRP – is designed to be distributed by the firm to market contributors, instead of being created and mined by individuals known as miners.

Ripple has taken a separate approach with XRP compared to other digital currency. For instance, XRP wasn’t created by Ripple as a way for people to avoid the banking and financial sector. Rather, XRP has been designed and developed to work with current banking systems, with the aim of serving its clients in an inexpensive and fast manner in processing currency exchanges and commercial payments irrespective of geographical topography.

Due to the nature of XRP and other coins being genuinely decentralized, peer-to-peer, and they are not controlled by any entity, individual, or central government, they hold the answer to the debt issue which might result in a great recession, as the one experienced back in 2007.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.751-0.80%

XRP is currently changing hands at $0.3308 after a decrease of less than one percent over the past twenty-four hours. The current market cap of the digital currency is $13.12 billion and its trading volume over the past twenty-four hours is $240.54 million.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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